Common use of NON-PETITION AND LIMITED RECOURSE Clause in Contracts

NON-PETITION AND LIMITED RECOURSE. 10.1 No proceedings against the Issuer Each Transaction Party (other than the Issuer and the Security Trustee in its capacity as Security Trustee on behalf of the Transaction Creditors) agrees with and acknowledges to each of the Issuer and the Security Trustee, and the Security Trustee agrees with and acknowledges to the Issuer, that:

Appears in 9 contracts

Samples: www.vwfs.com, www.vwfs.com, www.vwfs.com

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NON-PETITION AND LIMITED RECOURSE. 10.1 23.1 No proceedings against the Issuer Each Transaction Party which is a party to this Agreement (other than the Issuer and the Security Trustee in its capacity as Security Trustee on behalf of the Transaction Creditors) agrees with and acknowledges to each of the Issuer and the Security Trustee, and the Security Trustee agrees with and acknowledges to the Issuer, that:

Appears in 5 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

NON-PETITION AND LIMITED RECOURSE. 10.1 34.1 No proceedings against the Issuer Each Transaction Party which is a party to this Agreement (other than the Issuer and the Security Trustee in its capacity as Security Trustee on behalf of the Transaction Creditors) agrees with and acknowledges to each of the Issuer and the Security Trustee, and the Security Trustee agrees with and acknowledges to the Issuer, that, without prejudice to the exercise of the Security Trustee’s rights under the Deed of Charge and Assignment and any other Transaction Document:

Appears in 1 contract

Samples: Intertrust Trustees GMBH

NON-PETITION AND LIMITED RECOURSE. 10.1 12.1 No proceedings against the Issuer Each Transaction Party (other than the Issuer and the Security Trustee in its capacity as Security Trustee on behalf of the Transaction Creditors) agrees with and acknowledges to each of the Issuer and the Security Trustee, and the Security Trustee agrees with and acknowledges to the Issuer, that:

Appears in 1 contract

Samples: www.vwfs.com

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NON-PETITION AND LIMITED RECOURSE. 10.1 34.1 No proceedings against the Issuer Each Transaction Party which is a party to this Agreement (other than the Issuer and the Security Trustee in its capacity as Security Trustee on behalf of the Transaction Creditors) agrees with and acknowledges to each of the Issuer and the Security Trustee, and the Security Trustee agrees with and acknowledges to the Issuer, that:

Appears in 1 contract

Samples: Receivables Purchase Agreement

NON-PETITION AND LIMITED RECOURSE. 10.1 32.1 No proceedings against the Issuer Each Transaction Party which is a party to this Agreement (other than the Issuer and the Security Trustee in its capacity as Security Trustee on behalf of the Transaction Creditors) agrees with and acknowledges to each of the Issuer and the Security Trustee, and the Security Trustee agrees with and acknowledges to the Issuer, that:

Appears in 1 contract

Samples: Intertrust Trustees GMBH

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